Singapore’s Temasek to Invest $30 Billion in US Over Five Years
Singapore’s state-owned Temasek Holdings Pte Ltd. plans to invest $30 billion in the US market over the next five years as the firm remains cautious on putting money into China. Key Points
mintRBI relaxes alternate fund norms for lenders
India Business News: RBI relaxes AIF norms by requiring provisions only for debtor company investments. Dec 2023 rules aimed to prevent 'evergreening'. Fund of funds remai Key Points
Times Of IndiaAdani to invest 70% of total investments in green energy: Sources
India Business News: AdGroup focuses on green energy investments, including renewables and hydrogen. Major projects in Gujarat. Plans substantial investment in infrastruct Key Points
Times Of IndiaHow one investor bullish on Adani brought 28% of FPI money in 2023
India’s total net FPI investments stood at ₹1.62 trillion in the calendar year through 27 December. GQG Partners alone accounted for nearly 28% of those inflows. Key Points
mintPolicymakers open to looking into AIF circular concerns
The Indian Venture and Alternate Capital Association (IVCA) lobby group has approached the government, concerned that the measure will impact the flow of funds to the startup sector, ET reported on Friday. The RBI had been keeping a close watch on these practices for the past several months and clamped down after investments rose sharply, said a person familiar with the details. Key Points
Economic Times
Office spaces drive private equity inflow in Indian realty market, Mumbai takes the lead: Knight Frank
Mumbai leads the PE investment trend with USD 1,685 million, followed by the National Capital Region at USD 835 million. Bengaluru received USD 347 million in 2023. Key Points
mintVeteran dealmaker Sanjay Nayar teams up with Peak Ventures for cleantech play
Nayar is partnering with Peak Ventures – an early-stage firm focused on cleantech areas such as new energy, food systems, clean water and climate. Under the new arrangement, Nayar would become a general partner at the Mumbai-based firm. Key Points
Economic TimesHow to achieve financial goals faster with step-up SIPs this new year?
Reaching investment milestones necessitates grasping the impact of compounding, consistently investing a set amount, and plowing back returns into the investment. In the coming year, commit to consistently investing an adequate amount for a more financially secure future. Key Points
mintIMF says private sector needs to shoulder most of climate investment burden
The International Monetary Fund (IMF) has stated that the majority of the $2 trillion in annual climate investments needed by developing countries by 2030 will have to come from the private sector. Governments risk accumulating high debts if they attempt to reach net-zero goals using public funds. The IMF recommends that countries develop carbon pricing schemes to raise revenue and encourage private investments. Key Points
Economic TimesUS investors want clarity on Biden's vague curbs on China tech
U.S. financial firms are pushing for greater clarity on proposed new rules curbing U.S. investments in some China technology sectors which they say are too vague and put the onus of compliance on investors. Key Points
Reuters
India's capex cycle isn't on a durable mode yet: Report
The pace of new investment projects announced in India slowed in Q2 2023, with the Centre for Monitoring the Indian Economys data showing it decreased to around Rs 6 trillion from Rs 12.2 trillion in Q1. Nomura analysts Sonal Varma and Aurodeep Nandi noted that quarterly fluctuations aside, new investments remained low by historic standards. Key Points
Economic TimesLulu Group to invest Rs 10,000 crore in India over 3 years to complete ongoing projects
Lulu group also has plans to set up an agriculture sourcing and logistics hub near Hyderabad Airport for facilitating exports and promotion of local Telangana produce across India and the world, he said. With more than 250 hypermarkets and 24 shopping malls across 22 nations, Lulu Group has been expanding rapidly in India as well, with investments in food processing and retail projects. Key Points
Economic TimesVoda Idea in advanced talks with vendors for 5G rollout, launch subject to funding
Vodafone Ideas chairman Ravinder Takkar, in turn, has reiterated that the telco remains committed to ramping up 4G coverage and launching 5G. “The company will continue to make investments for expanding 4G coverage and capacity, especially in its 17 priority circles and introduce 5G services once funding is in place,” Takkar said in Vis latest annual report. Key Points
Economic TimesDelhi, Bengaluru outpace Mumbai in global real-estate investment inflows: report
Institutional investments in Indian real estate reached $1.7bn in Q1 2023, with the office sector accounting for 55% of inflows, according to a report by Colliers India. Global investors took a 76% share of investments, but domestic money in property grew fourfold YoY. The retail sector saw no investment, while mixed-use assets fell 80%. However, life sciences, senior housing and student accommodation all grew by almost 300%. Bengaluru and Delhi-NCR attracted one-third of the total investments, while Mumbai's share fell 86% YoY, with just a 2% share compared to Delhi-NCR's 23% and Bengaluru's 12%. | Mumbai news Key Points
Hindustan Times3 common mistakes to avoid while planning your investments in FY24
When I was young, I wish somebody had told me about the common mistakes that investors often make. Reviewing the strategy is a potential chance to learn and grow by watching what has derailed our efforts. As we enter FY 23-24, it is a great time to make a resolution to avoid these common mistakes and stay aligned with our financial goals. Key Points
Economic Times
Regular tax regime or simplified one? Here's how taxpayers can make the right choice
According to Deloitte India's Saraswathi Kasturirangan, although taxpayers have time till the tax return filing to choose a regime, there is no point in opting for the regular tax regime if the investments are not made before the deadline. and that It is crucial to do the homework right now. Key Points
Economic TimesTime to stagger investments in Nifty 50 as index trends above its fair value
Since its lows of March 23, 2021, the Nifty PE has risen from 18.49 and now stands at 21.70. In the same period, its price to book value rose sharply from 2.34 to 4.9 and dividend yield fell from 2 to 1.45. During this period, the Nifty returned 125.8% Key Points
Economic TimesAbu Dhabi plans $50 billion investment in fast-growing India
The United Arab Emirates is exploring investments of up to $50 billion in India, its second-largest trading partner. The potential pledges, which could be announced in early 2023, aim to strengthen bilateral ties and increase non-oil trade to $100 billion. Discussions include investments in Indian infrastructure projects and state-owned assets. Key Points
Economic TimesPredictions for 2024: Revival of private capex to be the defining trend, says Kumar Mangalam Birla
At its core, private investment is a vote of confidence in the economy. It drives innovation, creates employment, and stimulates economic activity. In 2024, as private investments gain momentum, we will see a ripple effect across various sectors — from manufacturing to technology, from infrastructure to renewables, says Kumar Mangalam Birla. Key Points
Economic TimesApex PE-VC body seeks govt's help to ease AIF curbs
The industry association had a meeting with senior government officials and expects some relief or clarity within the next 30 days, said a source at the grouping that represents the interests of private equity and venture funds. The industry has flagged its concerns to the government and the finance ministry is examining these, a senior government official told ET. Key Points
Economic Times
Dunearn investments sells 2.8 pc stake in Devyani International for Rs 499 cr
According to the bulk deal data available with the National Stock Exchange (NSE), Dunearn investments sold 3,44,30,150 shares, amounting to 2.85 per cent stake in the company. Key Points
FinancialexpressMubadala eyes investment in gas networks, infra
Mubadala Investment is targeting gas assets in India?s expanding city gas distribution network, infrastructure and highways, and further investments in the country?s green energy sector. The UAE sovereign wealth fund is eyeing gas assets, highways, and renewable energy in India in the years ahead, according to Khaled Abdulla Al Qubaisi, CEO of real estate and infrastructure investments at Mubadala. The fund is focused on increasing its investments in India and will look to identify major themes and areas, such as digital transformation, renewables, and energy transition. Key Points
mintIndia sees robust surge in investments, marking 127% YoY growth in August 2023: PE/VC report
Investments in India reached $5.2 billion in August 2023, marking an 18% increase from the previous month and a 127% increase from the same period in 2022. However, the number of deals declined by 27% compared to last year. The infrastructure sector saw the highest investment, with Adani Power Limited receiving $1.8 billion from GQG Partners Inc. Key Points
Economic TimesLTCG tax on debt mutual funds gone, but don't commit these mistakes trying to tackle it
Ever since the news came out, many investors were asking around whether there are any ways to avoid the extra tax. Sure, experts never fail such investors. They have been offering many quick-fix solutions. Key Points
Economic TimesRBI's hand behind today's rally in banks, other financial stocks
The Reserve Bank's December circular prohibiting regulated entities such as NBFCs from investing in AIFs having downstream investments either directly or indirectly in a debtor company of the entities had stressed investors. The rules also required entities to liquidate their investment within 30 days from the date of downstream investment or make 100% provision. Key Points
Economic Times
Industrial & Prudent investments Company Q3 FY24 Results Live: profit rise by 18.91% YOY
Industrial & Prudent investments Company Q3 FY24 Results Live: Revenue decreased by 42.05% YoY & profit increased by 18.91% YoY Key Points
mintCabinet approves signing of India-UAE Bilateral Investment Treaty
Government approved the signing and ratification of a Bilateral Investment Treaty (BIT) between India and the United Arab Emirates (UAE). This agreement is expected to facilitate and encourage investments between the two nations. The decision was taken at the cabinet meeting chaired by PM Modi. Key Points
Economic TimesSingapore fund to invest $750 million in health business
International Business News: Quadria Capital, a Singapore-based private equity firm, plans to invest $750 million in the health business sector. The investment will focus on the healthcare industry in south and southeast Asian countries, with a significant portion allocated for India. Key Points
Times Of IndiaInterim Budget measures that Modi govt needs to take to widen doors for global companies
Budget 2024: India seeks investments from global corporations to strengthen domestic capability in various sectors. The interim budget presents an opportunity to improve ease-of-doing business and attract higher investments. A 'plug and play model' for manufacturing operations would be beneficial for global corporations. Tax certainty and effective contract enforcement are crucial for the economics of global supply chains. Key Points
Economic TimesRBI cracks down on alternative investment funds misuse
India Business News: RBI bars lenders from investing in AIF schemes to prevent 'evergreening' of loans. Evergreening refers to extending a new loan to repay an older debt. Key Points
Times Of India
Caledonia investments solicits bids for $585 million wealth manager 7IM, sources say
Caledonia investments (CLDN.L) has given prospective buyers until the end of the month to table indicative offers for wealth manager 7IM, two people familiar with the matter told Reuters, in the latest chapter of consolidation in Britain's money management industry. Key Points
ReutersExclusive: Malabar investments eyes Sugar Cosmetics stake via Rs 80-100 crore secondary round
The secondary deal likely to value Sugar Cosmetics at Rs 2,900 crore. Early backers like RB Investments, India Quotient, and angels are likely to part-sell shares in the ongoing funding round, according to people in the know of the matter. Key Points
Economic TimesYour PPF, NSC, other post office investments will be frozen if Aadhaar is not given by this date
The Ministry of Finance has made the Aadhaar and PAN mandatory for making investments in PPF, NSC and other small savings schemes. This has been done via notification dated March 31, 2023. The notification has further made the Aadhaar number mandatory for existing investors as well. Read on to know the last date to link Aadhaar with PPF and other post office investments. Key Points
Economic TimesPiramal Enterprise to provide for ₹3,164-crore AIF exposure; Emkay cuts target price as it sees material impact on P&a
Piramal Enterprises has a consolidated net worth of ₹28,710 crore, and a capital adequacy of 31%. We remain confident of full recovery of the underlying downstream investments in the impacted AIF units, the company said. Key Points
mintDecoding India's VCPE Legal Landscape: Unraveling ISB's Insightful Programme
The Venture Capital and Private Equity programme by ISB Executive Education takes center stage, offering a 24-week curriculum crafted by ISB faculty. Modules like Valuation and Deal Flow, Investment Management, and more provide a foundational understanding for those entering the VCPE world. This section highlights the programme's relevance in a dynamic market and its emphasis on hands-on learning through capstone projects. Key Points
Economic Times
Dutch SPAC in advanced talks to acquire electric vehicle group
SPEAR investments I (SPR1.AS), a special purpose acquisition company (SPAC), is in advanced discussions to acquire QEV Technologies, a Spanish electric vehicle firm, at a valuation of 209 million euros ($234 million), the companies said on Thursday. Key Points
ReutersFrom tax reliefs to retail investors, Zerodha's CEO Nithin Kamath explains measures to boost startup investments
Zerodha CEO Nithin Kamath suggests reducing dependency on foreign venture capitals and better use of local wealth to drive startup investments in India. He advocates for schemes similar to UK's 50% tax relief and capital gains exemptions for startup investments. Key Points
mintInstitutional investments in real estate at a five year low
Institutional investments in the real estate sector touched a five-year low in 2023 because of a cautious approach by foreign investors amid global macroeconomic uncertainty. However, domestic investors increased their share to 35% in 2023, while foreign investors' share decreased due to the macroeconomic slowdown. investments from domestic investors more than doubled to USD 1.5 billion in 2023, a 120% increase in value over the previous year. Key Points
Economic TimesBeacon of stability: Indian realty saw record-breaking institutional investments in 2023; domestic players drive growth
Foreign capital accounts for 67% of total investment in Indian realty, but the domestic investor segment saw a 66% annual jump, reaching $1.7 billion and securing a 32% share. Key Points
mintInvestors consider ELSS for tax benefits, long-term wealth creation; here’s what you need to know
Investors are considering ELSS for tax benefits and long-term wealth creation. ELSS mutual funds provide tax exemption on investments up to Rs 150,000 under Section 80C of the Income Tax Act. Experts recommend analyzing risk-adjusted returns and the risks taken by a fund to generate returns. Key Points
Times Of India
Sebi mulls over Rs 250 SIP sachets in mutual funds amid industry reservations
We are working with them (MF industry) to see where is the cost...what can Sebi do to facilitate making it possible to bring that viability down to Rs 250 a month, because then it is the equivalent of what Hindustan Lever (HUL) did with shampoo sachets. You just explode the market, PTI reported quoting Buch. Key Points
Economic TimesJP Morgan to add G-Secs to its emerging market index
In a development that could help India attract $21 billion (Rs 1.7 lakh crore) worth of investments from the next fiscal, global financial firm JP Morgan has said it plans to include Indian government bonds (IGBs) or government securities (G-Secs) into its benchmark Emerging Market index. Key Points
The Tribune IndiaNCLAT allows Reliance Capital lenders' plea for another round of bidding
The National Company Law Appellate Tribunal (NCLAT) on Thursday allowed a petition filed by Reliance Capital lenders seeking another round of auction for the debt-ridden firm. A two-member bench set aside an order passed by NCLT and said the Committee of Creditors (CoC) has the power to negotiate and call for a higher bid. Key Points
Economic TimesETMarkets Fund Manager Talk: Capex investment likely to be enhanced in Budget 2024: Vinay Jaising, JM Fina
Vinay Jaising says: Capex investments have grown 5.6x in the last decade and now account for 3.3% of the GDP (not including PSU spend or state spend). In absolute terms, we expect over 30% growth YoY in capex expenditure by the government. Rural investments, which were a bit lower in the last two years, should get a fillip as well in both the budgets of at least 10% YoY. Key Points
Economic TimesFocus is on jobs while attracting investments: TN industry minister
Highlighting recent successes like the Global Investors Meet, state minister for industries, investment promotion and commerce T.R.B. Rajaa highlights Tamil Nadu's competitive advantages, including its robust infrastructure and skilled workforce Key Points
mint
Startup woes: Funding drops by $1.2 billion from last March
India Business News: Private equity and venture capital investments in March 2024 dropped by $1.2 billion to $1.8 billion across 64 deals, contrasting the previous upward Key Points
Times Of IndiaDodge the Downturns: 3 investment errors you must avoid in 2024
In 2023, investors made mistakes due to geopolitical tensions and market slowdowns. Chasing trends and neglecting diversification resulted in substantial losses. These errors have motivated investors to navigate a smarter course in 2024 and learn from their missteps. Key Points
mintIndia, Russia discuss ₹-Ruble trade
EAM Jaishankar met Manturov on day two of his five-day visit to Russia on the eve of his meeting with his Russian counterpart Sergey Lavrov. The two ministers held wide-ranging discussions on measures to boost business and trade partnership including increasing Indian investments in Russia to meet growing demands across sectors in the backdrop of sanctions, it has been learnt. This was the second meeting between Manturov and Jaishankar this year. The Russian DPM had travelled to India earlier this year. Key Points
Economic TimesEPFO has invested Rs 1.88 lakh crore in ETFs in last five years: data
Employees Provident Fund Organisation (EPFO) has invested Rs 1.88 lakh crore, or 8.7% of the total invested corpus, in exchange traded funds (ETFs) over the past five years until March 2023. The remaining 91.3% has been invested in debt instruments, according to Indian Minister of State for Labour and Employment Rameswar Teli. Key Points
Economic Times